| IPO date | 14 Dec 2023 – 18 Dec 2023 |
| Listing date | 21 Dec 2023 |
| Price range | 43 – 46 |
| Minimum order quantity | 3000 | (D)RHP | View |
Siyaram Recycling Industries Limited is launching its IPO. The offer opens for subscription on 14th December 2023 and will close on 18th December, 2023.
Disclaimer: This stock will trade with a lot size of 3000 shares in the SME segment on listing.
What does Siyaram Recycling Industries Limited do?
Siyaram Recycling Industries Limited, established in 2007, operates in three main sectors: segregating brass scrap, producing brass ingots, billets, rods, and manufacturing brass-based plumbing and sanitary components.
Their production units in Jamnagar cater to international and domestic markets, supplying to renowned brands like Hindware, ROCA, and Eauset. Revenue from brass-based components, ingots, billets, and scrap sales contributed 7.20% to 55.87% of their total operations for Fiscal year 2023. Brass, an alloy of Copper and Zinc, offers properties like conductivity, corrosion resistance, and antimicrobial traits. Siyaram Recycling Industries Limited focuses on recycling brass to conserve resources and reduce environmental impact. Their facilities maintain high production capacities and adhere to quality standards, catering to multiple Indian states, with Gujarat being a significant revenue source. They also export to countries like China, Germany, and Oman. With experienced promoters in the brass industry, the company benefits from their extensive knowledge, industry connections, and decision-making prowess, contributing to their success.
Product portfolio:
- Brass Billets
- Brass Ingots
- Brass rods
- Brass Scrap
- Brass Components (plumbing and sanitary parts)
- Brass inserts
- Brass ceramic cartridges (Brass spindles)
Schedule of Siyaram Recycling Industries Limited IPO
| Issue Period | 14th December to 18th December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 19, 2023 |
| Initiation of Refunds | December 20, 2023 |
| Credit of Shares | December 20, 2023 |
| Date of Listing | December 21, 2023 |
| Mandate end date | January 02, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 18, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 18, 2024 |
How to apply to the Siyaram Recycling Industries Limited IPO?
You can apply for the Siyaram Recycling Industries Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Siyaram Recycling Industries Limited IPO?
You can check the allotment status for the Siyaram Recycling Industries Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.